Alfa Mutual General Ins Co
Major Rating Factors:
Strong long-term capitalization index (8.1 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (4.3) with operating losses during 2022, 2023 and the first three months of 2025. Return on equity has been low, averaging 1.1% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (57.6%), homeowners (35.4%), comm multi (2.1%), farmowners (1.9%), fire (0.2%), other (2.8%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (66.1%), common stock (27.9%), non investment grade bonds (1.8%), cash (0.6%), preferred stock (0.5%), other (3.1%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Montgomery, AL 36116
Phone Number
(334) 288-3900
NAIC Number
19151
Website
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